Re-Listing -- CryptoLogic has obtained approval for a new listing on the London Stock Exchange, a move that coincides with the company’s relocation to Dublin in order to better take advantage of their European customer-base. Despite the re-listing, shareholders of previous incarnations of Cryptologic will retain one-for-one voting rights in the corporation, regardless of where they are located.
Acquired -- Jadestone, a Swedish provider of online gaming services, has acquired GamArena Ab, originally launched as a spin-off of Jadestone. Jadestone will use the assets of GamArena to market new games to distributors like bwin and Unibet.
Raising Capital -- Leisure & Gaming, in an effort to raise working capital to promote further growth by product expansion, has sold off 13.46 million new shares at a level of 13p per share. The effort raised a total of £1.75 million ($3.5 million)
Switched -- Six months after launching an online poker service, Apuestas has switched to software provider Microgaming. Apuesta’s hopes to take advantage of Microgaming’s multi-language capabilities by launching its revised poker service in both English- and Spanish-language versions, with special focus on Spain’s growing poker market.
Negotiations Commenced -- Tabcorp is negotiating with SKY Racing and Foxtel to create Australia’s first pay-TV wagering service under the operation of Two-Way TV. Tabcorp is currently resolving regulatory appeals and software issues, but statements from the company indicate that the service could be operative as early as next year. Two-Way will be paying Foxtel $5.6 million to run the operation, the profits of which will be split between the two by Tabcorp for a service fee.
Contribution Requested -- The Guardian reports U.K. Minister for Sport Richard Caborn mediated a meeting between Coral, William Hill, Ladbrokes and the heads of a number of British Sports Leagues, where the possibility of a contribution to sport by the bookmakers was discussed. Although no figures were disclosed, league officials hope that the bookies will provide several million pounds in order to help non-horseracing events “protect against gambling-related corruption."
Stock Watch -- On the LSE, Ladbrokes was up 10.75p to 444.75, Leisure & Gaming was down .5p to 14.25 and Partygaming held even at 38.75.